Blockchain to make relief donations tamper-proof
By He Wei in Shanghai | China Daily | Updated: 2017-01-19 07:42
Alipay, China's third-party online payment platform operated by Ant Financial, has added blockchain technology to its donation section in a bid to ensure more transparency in charity donations.
This allows a record to be kept of donations made by Alipay users to charities through its "Ant Love" platform, and enables both donors and charities to develop greater insight into how funds are being handled, the company said.
The technology will make it tougher to alter records, which the firm hopes will improve accountability.
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